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EVEN MORE BOOTY FOR MBAsTHE ECONOMY HAS BEEN VERY GOOD to MBA grads this year. Officials at top-tier business schools report that 1998 graduates typically pulled in two or more job offers--and, once hired, locked in base salaries in the $75,000 to $80,000 range. That's up 7% to 9% from 1997--not bad for a twentysomething. Of BUSINESS WEEK's Top 10 schools, Northwestern's Kellogg School of Management reported the highest average base salary for graduates--$90,000. Bonuses also were impressive: Duke University's Fuqua School reported average sign-on money of $18,100 and a guaranteed bonus (after one year) of $19,100--on top of a $79,500 average base salary. Add it all up, and that's a $116,700 package, an increase of 17% over last year. At Northwestern, the average $130,000 package jumped by $15,000. New York University's went up 27%, to $117,237. One top perk: tuition reimbursements for MBAs who took jobs by Jan. 1, 1998. With big bucks like these, $25,000-plus schooling costs at top-tier institutions almost seem like a bargain.
Joan Oleck RELATED ITEMS
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Updated June 25, 1998 by bwwebmaster
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